Answer to Question #62291 in Microeconomics for Naizhatul

2016-09-26T09:03:25-0400

Question #62291

if demand for show tickets is described by the equation QD = 100 - p, and supply is QS = 20 + p, find the equilibrium price and quantity. How would you answer change if the supply curve shifted to due to increases in actor salaries? What would the supply curve look like if the capacity of the theatre was 50 people?